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BBVA has decided to move forward with its offer to buy Sabadell

Last Tuesday, 24 June, the Council of Ministers approved the operation on the condition that the two institutions maintain separate legal autonomy and day-to-day management.

GRAFCAV9209. BILBAO, 24/06/2025.-Un cartel en una sucursal del BBVA, en Bilbao este martes aludiendo a la fusión entre BBVA y Sabadell. La Comisión Europea recordó este martes que cualquier condición impuesta por un Gobierno para aprobar una transacción debería ser "excepcional, proporcionada y justificada por razones de interés público válidas", aunque rehusó pronunciarse en concreto sobre la decisión del Ejecutivo español respecto a la opa del BBVA por el Sabadell. EFE/Luis Tejido
Stock Photo: EFE

EITB

Updated

BBVA has announced its decision not to reverse its intention to buy Sabadell, after considering the condition imposed by the Spanish Government on the transaction last week, as reported to the National Securities and Exchange Commission.

Last Tuesday, 24 June, the Council of Ministers approved the operation on the condition that the two entities (BBVA and Sabadell) maintain separate legal autonomy and day-to-day management.

"After analysing this, the BBVA has decided not to reject the offer and will therefore proceed in accordance with the applicable regulations," the BBVA announced in a statement.

Bbva Spain The Spanish Government

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